EXHIBIT 12

COLGATE-PALMOLIVE COMPANY

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS

(Dollars in Millions Except Per Share Amounts)

	Years Ended December 31,
	2008			2007			2006			2005			2004
Earnings:
Income before income taxes	$	2,925.1		$	2,496.5		$	2,001.8		$	2,079.0		$	2,002.4
Add:
Interest on indebtedness and amortization of debt expense and discount or premium		105.6			166.6			166.6			142.5			123.7
Portion of rents representative of interest factor		61.1			52.5			47.5			43.5			41.5
Loss on equity investments		—			—			—			—			—
Less:
Gain on equity investments		(3.8	)		(3.7	)		(3.4	)		(2.0	)		(8.5	)
Income as adjusted	$	3,088.0		$	2,711.9		$	2,212.5		$	2,263.0		$	2,159.1
Fixed Charges:
Interest on indebtedness and amortization of debt expense and discount or premium	$	105.6		$	166.6		$	166.6		$	142.5		$	123.7
Portion of rents representative of interest factor		61.1			52.5			47.5			43.5			41.5
Capitalized interest		9.0			6.3			3.4			2.5			2.3
Total fixed charges	$	175.7		$	225.4		$	217.5		$	188.5		$	167.5
Preferred Dividends:
Dividends declared on Preference stock		35.3			34.8			35.5			35.3			32.8
Total preferred dividends	$	35.3		$	34.8		$	35.5		$	35.3		$	32.8
Ratio of earnings to fixed charges		17.6			12.0			10.2			12.0			12.9
Ratio of earnings to fixed charges and preferred dividends		14.6			10.4			8.7			10.1			10.8